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Wild Price Swings for Natural Gas Futures as Large Withdrawal Expected; Cold Lifts Northeast Cash
Daily GPI
Wild Price Swings for Natural Gas Futures as Large Withdrawal Expected; Cold Lifts Northeast Cash

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November 20, 2018

Markets

MExico GDP

Mexico’s GDP Healthy on Eve of Changeover

Mexico’s economy grew 3.6% year-on-year in the third quarter on the back of broad-based growth, including in the industrial sector. The forecast for the year remains steady at 2.1%, according to the Federal Reserve Board of Dallas.
Camerons-Corner-20181120

Wild Price Swings for Natural Gas Futures as Large Withdrawal Expected; Cold Lifts Northeast Cash

Daily GPI
Natural gas futures sold off Tuesday, eating into gains from the previous session, although a potentially...

December Natural Gas Swings Lower Overnight as Volatility Continues

Daily GPI
December natural gas futures were down 5.1 cents to $4.649/MMBtu shortly before 9 a.m. ET Tuesday after a big swing lower overnight, and analysts were anticipating more volatility ahead of what could be the season’s first triple-digit storage withdrawal this week.

Volatile Natural Gas Futures Rally as Upcoming Mild Break Seen Weaker; Northeast Cash Climbs

Daily GPI

Colder weather trends over the weekend and midday helped rally a natural gas futures market attempting to find fair value after last week’s explosive volatility. In the spot market, more cold temperatures in the forecast accompanied big gains in the Northeast, while Northwest Sumas moderated further on signs of constraints easing in British Columbia (BC); the NGI Spot Gas National Avg. picked up 59.0 cents to $4.940/MMBtu.

More Natural Gas Volatility Expected; Futures Called Higher on Medium-Range Cold

Daily GPI
December natural gas futures were trading 26.6 cents higher at $4.538/MMBtu shortly before 9 a.m. ET Monday following cooler medium-range forecast trends over the weekend, although questions remain as to the intensity of heating demand early next month.
EIAStorage1115

Volatility Abounds for Natural Gas as Markets Jumpy on Cold, Storage Fears

NGI Weekly Gas Price Index
The season’s first spell of legitimate winter cold delivered as promised for natural gas markets during the week ended Friday (Nov. 16), as the robust start to winter compounded concerns over storage deficits to send physical and futures prices soaring. The NGIWeekly Spot Gas National Avg. jumped $1.170 to $4.565/MMBtu.

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E&P

Oasis Adding Williston Rig Next Month, Prepping for 2019 Field Development

Shale Daily
Houston-based Oasis Petroleum Inc. said it plans to add a fifth operated rig to the Williston Basin next month, and will target multiple zones of the Permian Basin's Wolfcamp and Third Bone Spring formations for development next year, where it also may add a third rig next summer.
Re-Use-Recyling-and-Renewable-Water-Scenarios-20181120

New Mexico Exploring Ways to Better Reuse Oil, Natural Gas Wastewater

Shale Daily
State and federal officials hope to finalize by year’s end a draft proposal about how arid New Mexico...

North Dakota Oil, Gas Industry Breaks More Production Records

Shale Daily
The energy industry in North Dakota broke virtually all the records in September, according to the most recent statistics from the Department of Mineral Resources (DMR).

Aethon Buys More Haynesville Assets as QEP Keeps Focus on Permian

Shale Daily
QEP Resources Inc., which is inching toward Permian Basin pure-play status, agreed Monday to cast off its Haynesville Shale/Cotton Valley assets in northwestern Louisiana to Aethon Energy for $735 million.
Brazos-Midstream-Current-Assets-in-the-Southern-Delaware-Basin-20181116-v2.png

Williams, Brazos Midstream Eye Permian Natural Gas, Oil Expansion

Daily GPI
Tulsa-based pipeline giant Williams is teaming up with Permian Basin pure-play Brazos Midstream to expand their natural gas and crude oil...
Cimarex-ResoluteProFormaLeaseholdMap

Cimarex $1.6B Tie-Up with Resolute Builds Permian Delaware Prospects

Shale Daily
Denver-based Cimarex Energy Co., whose exploration efforts are concentrated in the Anadarko and Permian basins, agreed Monday...

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© NGI's All News Access: ISSN 2577-9877

Infrastructure

Bright Light, Big Wind Chasing Natural Gas Market Share, Says Raymond James

Daily GPI
Natural gas generation has been the biggest beneficiary of market share as coal generation declines, but the “principal winners” in the U.S. electricity mix eventually will be wind and solar, according to Raymond James & Associates Inc.

New Fortress Energy Planning Two LNG Plants in Northeast Pennsylvania

Daily GPI
New Fortress Energy LLC is developing plans for two facilities that would liquefy natural gas produced in the Marcellus Shale of Pennsylvania, according to a recent filing with federal regulators.
NGI-Waha-and-Tennessee-Zone-0-South-Daily-NatGas-Price-Indexes-20181120

Southcross Restarting Fractionator as Eagle Ford Reaps Benefits of Constrained Permian

Daily GPI
With an eye on increased oil and natural gas drilling activity in the Eagle Ford Shale, Southcross Energy Partners LP is set to restart its idled Bonnie View fractionator this month, management said last week.
TRP Pipelines

TransCanada Says Two Mexico Gas Pipes Further Delayed Amid Local Impasse

TransCanada Corp. has pushed back the targeted completion dates of its already delayed Tuxpan-Tula and Tula-Villa de Reyes natural gas pipeline projects because of an impasse with local authorities along the routes.

PG&E Reports Second Camp Fire Power Incident as Death Count Climbs

Daily GPI
Pacific Gas and Electric Co. notified California regulators of a second equipment incident report in the early morning hours of Nov. 8, the day the Camp Fire erupted in Butte County.

Clearlake’s IronGate, Knight Merger Expands North American Oil, Gas Rental Services

Shale Daily
Private equity giant Clearlake Capital Group LP is merging portfolio companies IronGate Energy Services and Knight Oil Tools to create Knight Energy Services as one of the largest independent oil and gas rental tool companies in North America.

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Regulatory

Appalachian Natural Gas Industry Hopeful After Midterm Elections

Shale Daily
While very little changed politically across the Appalachian Basin’s key oil and natural gas producing states, the industry sees both opportunities and challenges after the midterm elections as Democrats and Republicans step into new roles throughout the region.
Monthly California Natural Gas Deliveries to Electric Power Consumers_Aug15-Aug18

California OKs PG&E Plan to Replace Gas-Fired Power Plants with Battery Storage

Daily GPI
California regulators have approved plans outlined late last year by Pacific Gas and Electric Co. to replace at least three Bay Area natural gas-fired peaking plants with battery storage and to add batteries at an existing gas-fired plant at Moss Landing, CA.

Increased Oil, Gas Production Boosts Interior Lands Revenue by $400M in 2017

Shale Daily
Increased oil and natural gas production, as well as regulatory reform and other factors, led to a $400 million surge in economic output on federal lands during the first year of the Trump administration, according to a report by the Interior Department.
eagle20181119

FERC Staff Advances Eagle LNG’s Florida Project with Positive DEIS

Daily GPI
FERC staff has issued a positive draft environmental impact statement for the Jacksonville, FL, project, which would include siting, construction and operation of a liquefied natural gas terminal and export facility on the north bank of the St. John's River in Duval County.

Trump Plans to Nominate Wheeler as EPA Administrator

Daily GPI
President Trump said he wants Andrew Wheeler, who currently serves as acting administrator of the Environmental Protection Agency, to become the agency's official leader, and will send Wheeler's name to the Senate for confirmation.

FERC's OE Remained Focused on Fraud, Market Manipulation in FY2018

Daily GPI
FERC's Office of Enforcement remained focused "on the significant threat posed by fraud and market manipulation in wholesale energy markets" in fiscal year 2018, and continued ongoing investigative, audit, surveillance and market oversight responsibilities, according to the 2018 Report on Enforcement released Thursday.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - October 31th for November 2018
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.0900 to -0.0900
Texas Eastern S. TX -- 0.0400 to 0.0800
Transco Zone 1 -- -0.0650 to -0.0650
East Texas
Carthage -- -0.1400 to -0.1300
Houston Ship Channel 3.350 to 3.350 --
Katy -- --
NGPL TexOk -- -0.1250 to -0.1025
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.610 to 2.100 --
El Paso - Keystone Pool 1.610 to 1.730 --
El Paso - Plains Pool 2.100 to 2.100 --
El Paso - Waha Pool 1.690 to 1.720 --
Transwestern 1.610 to 1.760 --
Transwestern - Central -- --
Transwestern - W. TX 1.610 to 1.760 --
Waha 1.350 to 1.720 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.410 to 3.560 --
Chicago - Nicor Gas 3.525 to 3.540 --
Chicago - NIPSCO 3.410 to 3.560 --
Chicago - North Shore -- --
Chicago - Peoples 3.510 to 3.510 --
Consumers Energy -- 0.1200 to 0.1800
Dawn 3.300 to 3.450 0.2200 to 0.3200
Emerson -- 0.1800 to 0.2800
Joliet -- --
Lebanon -- -0.1000 to -0.0900
Michigan Consolidated 3.225 to 3.280 0.0800 to 0.1300
NGPL Amarillo Mainline -- --
Parkway/Union 3.370 to 3.445 0.3050 to 0.3550
REX Zone 3 Delivered -- -0.0900 to -0.0850
REX into ANR - Shelby -- -0.0850 to -0.0850
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.0900 to -0.0900
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.800 to 2.855 -0.3250 to -0.3000
Enable East -- -0.2450 to -0.2300
Enable West -- --
NGPL Midcontinent 2.530 to 2.720 -0.4800 to -0.4800
Northern Border Ventura 3.340 to 3.395 --
Northern Natural Demarc 3.255 to 3.455 --
Northern Natural Ventura 3.295 to 3.575 --
OGT 1.900 to 1.900 -1.2900 to -1.2700
Panhandle Eastern 2.670 to 2.890 -0.4400 to -0.3500
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1325 to -0.1150
Trunkline Zone 1A -- -0.1300 to -0.1175
South Louisiana
ANR SE -- -0.1300 to -0.1000
Columbia Gulf Mainline -- -0.1450 to -0.1350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0100
Southern Natural -- -0.0375 to -0.0300
Tennessee Line 500 -- -0.0450 to -0.0300
Tennessee Line 800 -- -0.0700 to -0.0650
Texas Eastern E. LA -- -0.1250 to -0.1250
Texas Eastern W. LA -- -0.0500 to -0.0500
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0150
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0500 to 0.0500
Texas Eastern M-1, 30 -- -0.0900 to -0.0900
Transco Zone 4 -- -0.0250 to -0.0100
Transco Zone 5 -- 0.1550 to 0.1600
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.1550 to 0.1600
Appalachia
Columbia Gas -- -0.2475 to -0.2275
Dominion North -- --
Dominion South -- -0.4550 to -0.3800
Leidy Hub -- --
Millennium East Pool -- -0.3600 to -0.3000
Tenn Zone 4 200L -- -0.1650 to -0.1300
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3000
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4300 to -0.3800
Texas Eastern M-3, Delivery -- -0.1800 to -0.1500
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2900
Northeast
Algonquin Citygate -- 0.3500 to 0.6000
Algonquin Citygate (non-G) -- 0.3500 to 0.6000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.5000 to 0.5300
Iroquois, Waddington -- 0.4000 to 0.4800
Niagara -- 0.1200 to 0.1500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.5500 to 1.6000
Tenn Zone 6 200L North -- 1.5500 to 1.6000
Tenn Zone 6 200L South -- 0.5500 to 0.5700
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.1200 to -0.0350
Transco Zone 6 non-NY North -- -0.1200 to -0.0350
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0500 to 0.0400
Rocky Mountains
Cheyenne Hub 2.950 to 3.140 --
CIG 2.950 to 3.140 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.920 to 2.360 --
Kern River 3.220 to 3.250 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 12.000 to 15.250 --
Northwest Wyoming Pool -- --
Opal 3.155 to 3.280 --
Questar -- --
Stanfield 3.440 to 3.750 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.675 to 3.960 --
California
Malin 3.295 to 3.390 --
PG&E Citygate 3.750 to 4.200 --
SoCal Citygate 5.610 to 5.905 --
Southern Border, PG&E 2.400 to 2.420 --
Southern Border, SoCal 2.270 to 4.000 --
SoCal Border Avg. 2.270 to 4.000 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.355 to 2.910 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 3.950 to 4.000 --
SoCal Border - Needles 2.270 to 2.270 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 3.850 to 3.850 --
Canada
Alliance (APC) - ATP 1.950 to 1.975 --
Empress 3.495 to 3.680 --
NOVA/AECO C 1.650 to 1.825 --
Westcoast Station 2 0.570 to 0.895 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.